Liftoff Mobile (LFTO) Registration Filing summary

Company overview and business model

• Operates an AI-powered platform for mobile app growth, serving advertisers and publishers across all app verticals, with a unified DSP and SSP model and proprietary Cortex neural network technology.

• Platform integrated into over 140,000 apps, reaching 1.4 billion daily active users as of Q4 2025.

• Revenue model is transaction-based, retaining a portion of media spend as revenue, with strong customer retention and expansion metrics.

• Business model emphasizes a virtuous cycle: improved performance drives increased customer spend, which in turn enhances data and model performance.

Financial performance and metrics

• Revenue for the nine months ended September 30, 2025 was $491.6M, up 30% YoY; Core Advertising revenue grew 43% YoY to $488.5M.

• Net loss for the nine months ended September 30, 2025 was $25.6M, with a net loss margin of (5)%.

• Adjusted EBITDA for the same period was $263.3M, with a margin of 54%.

• For the year ended December 31, 2024, revenue was $519.3M, net loss $48.2M, and Adjusted EBITDA $256.1M.

• LTM Core Advertising Net Dollar Retention was 124% as of September 30, 2025.

• As of September 30, 2025, cash and cash equivalents were $103.5M; long-term debt was $1.8B.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be used to repay outstanding indebtedness under the New Term Loan Facility, with the remainder for general corporate purposes and offering expenses.

• No proceeds will be received from shares sold by selling stockholders.